India Button Cell Market to Surpass $ 88 Million by 2024
Increasing consumer
purchasing power, technological advancements and growing government initiatives
such as UDAY and Make in India to fuel India button cell market through 2024
According to TechSci
Research report “India Button Cell Market By Letter Code Type, By
Package Size, By Application, Competition, Forecast & Opportunities, 2014 –
2024’’, button
cell market in India is projected to cross $ 88 million by 2024,
primarily driven by growing demand for silver oxide and zinc air
button cells in watches and hearing aids with better leakage resistance. Moreover,
technological advancements like phasing out of mercury usage in alkaline and
zinc based button cells are expected to positively influence the country’s button
cell market. Some of the major companies operating in India button cell market are
Panasonic Corporation, Duracell
International Inc., Maxell Holdings Ltd., Energizer
Holding Inc., and Murata
Manufacturing Co., Ltd.
Browse 52 market data Figures and Tables spread through 91 Pages and an in-depth TOC on "India Button Cell Market"
https://www.techsciresearch.com/report/india-button-cell-market/3760.html
Due
to increasing production of watches, which majorly use silver oxide button
batteries denoted by letter ‘S’, S, in terms of letter code type, occupied the largest
share in India button cell market in 2018 and is likely to maintain its
dominance during the forecast period. Rising investments in energy harvesting
using solar power to recharge wearable electronics and toys coupled with increasing
consumer purchasing power, government initiatives such as Smart Meters National
Programme, Make in India, Smart Cities Mission and AMRUT, and growing demand
from Tier II and Tier III cities are some of the other factors that would fuel
the market in coming years.
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“As of 2018, India button cell market is
driven by portable electronics and medical devices. As the upfront cost of
button cells is still low, factors including less weight, higher true cost
considering lifespan and performance contribute to the growth of India button
cell market. Moreover, higher drain discharge is boosting the demand for usage
of button cells in various applications such as watches, smart meters and
hearing aids. These market developments are
expected to offer lucrative growth opportunities to players operating in India
button cell market over the course of next five years,”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Button CellMarket By Letter Code Type, By Package Size, By Application, Competition,
Forecast & Opportunities, 2014 – 2024’’ has evaluated the future growth
potential of India button cell market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyses the
emerging trends along with essential drivers, challenges and opportunities in India
button cell market.
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